A bubbling property market represents the latest indication that Singapore is recovering from its global crisis-induced economic doldrums. Surging demand for residential units has in recent months seen potential buyers queue for hours before new house openings and anecdotally many have left blank checks with their property agents to fill out to secure their spots in new projects.
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Singapore seems to be witnessing a real estate bubble again as house prices have been soaring, and the situation is being replicated in other Asian countries and regions, such as South Korea, Hong Kong and Taiwan, where real estate markets are thriving. Full story